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money. every time he played poker he brought a shoebox full of change. we called him shoebox steve. >>> let's move on to jpmorgan. that was over the sale of mortgage-backed securities covered by jpmorgan and bear stearns in 2005 and 2008. jpmorgan bought bear stearns. it was march of 2008. it predated the heart of the crisis being that it was in march but bear stearns was 2 bucks and ended up being $10. the larger question here is are they moving through all of the various fines, penalties, fees, settlements that they need to, can investors see through to the other side? they have put aside 23 billion for so-called litigation expense. jim, i start to wonder whether the continued -- i wouldn't call it an avalanche but the continued pressure from regulate are to regulators and all of the pressure points that they seem to be applying, one has to wonder whether we'll truly abate and get back to what we call real earnings power for these financial institutions. >> look, if we had normalized earnings and this is not a normal time, then jpmorgan would probably be 6, 7 points higher. all o
'm becky quick along with andrew ross sorkin and steve liesman, who is in for joe kernen today. o is enjoying a day off. our top story today, of course, it's retail. so we are lucky enough to have our industry expert dana telsey here this morning. >> thank you. thank you for having me. >> have you slept? >> i don't believe in sleeping, not when the stores are open. >> that's what we figured. we'll talk more to dana in just a moment. at least a dozen retail chains opened their stores yesterday. it did make for some big thanksgiving day sales. overall, the national retail federation expects sales to be up by 3.9% during the last two months of the year. that is higher than last year's 3.5% growth. but it's below the 6% rates that we saw just before the recession. and whether you hit the stores yesterday or not, plenty of people are out this morning. if you are planning on waking up early for your black friday sales, you're late. step et up. shoppers are expected to spend an average of $650 this weekend. that's 11 1% more than last year. we have the chief merchandising officer at toys
your weather and traffic. steve knows the forecast. >>> a lot of fog and reports coming in. thank you for the twitter updates. fog forming in livermore. the east bay was excluded earlier from the frost advisory, but i will throw it in there just because. a lot of high clouds. not only here but all over. the big news is dense fog advisories until 9:00. again, the fog is forming in the east bay. there is really thick fog from santa rosa to oakland to san jose. some areas don't have any, but others it is like a wall of fog. we get a lot of areas with dense fog. fog near the coast. hazy skies today. a little cooler. 40s and 50s on these temps now. some of the inland areas unseasonal warm yesterday will continue to warm up. most location will be in the upper 60s to lower 70s today. you can see the bands of higher clouds. a beautiful sunrise. mostly sunny here, partly cloudy to the north. morning fog and the frost advisory until 9:00. 60s to low 70s, and low 60s closer to the water. >>> westbound 08 traffic will be busy. let's start a look at the bay bridge toll plaza, backed one a 2
accolades. steve ballmer is somehow more reviled than revered. one that with $300 billion in market capitalization has to be considered a success. and this is not just within the industry. this has become a pop culture thing now. on last night's episode of "south park," ballmer's assassination by an angry and disappointed bill gates was a major subplot. not only is steve ballmer viewed as a failure in his time at microsoft, he's sealed his deal where he says he recognizes that he's the person standing in the way of microsoft's progress. quote, maybe i'm an emblem of an old era and i have to move on. what was keeping microsoft from succeeding in this new world? quote, at the end of the day, we need to break a pattern. face it, i am a pattern. and so even he admitted it was time to go. was ballmer too hard on himself? not to execs i talked to at dream force. to them he is a befuddled fool who didn't see cloud, didn't see social, didn't see mobile coming. and he thought he could ignore it or somehow build it all into xbox one. what i would ask these executives offline, what is the bigg
bond purchases. steve forbes with the fix. what affect it might have on the insurance costs and the economy. and on whether or not the president's fix is even legal, constitution rally or not. we're coming right back. >> president obama said he fumbled the roll out of obamacare but he has a fix. it is legal? will it work? does it matter? congressman trey goudie is next. customer erin swenson ordered shoes from us online but they didn't fit. customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools iroduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so
of player misconduct. he has been accused excessively hazeing a fellow teammate, jonathan martin. steve harrigan joins from us miami. steve, there is more revelation that is might trouble people coming out about the suspended lineman. what do we know about this? >> certainly some more troublesome video coming out about richie incognito taken earlier this year with a group of teammates at a fort lauderdale bar called dirty blondes. images show incognito stomping around bare chested and using the "n" word in relation to another teammate who is present and appears to be laughing. more scrutiny of incognito's history as we, being kicked out of programs at university of nebraska and oregon and let go by the rams after fighting with the coach in 2009. i was voted dirtiest player in the nfl. he has been suspended indefinitely after discovery of racist text messages by the dolphins management. that management really wants to get to the bottom of things right now. owner steve ross called for an independent investigation by the nfl. the coach of the dolphins is on the hot seat but as far as the p
as a real problem at microsoft. they announced that steve balmer, the ceo, is leaving, and now it's some gigantic guessing game, and we have to make graphics with nine different people's faces including alan mulally, and i don't think that's good for the stock. would you do it differently where far in advance today telegraph who the successor will be? >> so, liz, a series of questions. first of all, i said a year ago i'd be here for 2-4 more years, that has not changed. we said six months prior to letting the change we'll let the street know what we're doing, and we will do that. in terms of timing, you really want to think about i want to get us through this slowdown. i actually think we're going to go through it faster than most people think, and we think it's largely macro although there are always areas we need to do better, and we're all over that. we have the breadth and depth of a leadership team that i'm so proud of, and they've actually gotten stronger through these bumps. whether it's as quickly as a year from now or two years from now, we'll have a leadership team that makes t
congressman steve schall ease. >> today, dow jones fell 9 points. s&p lost 4. nazdaq down 17 1/2. we're coming right back, stay with us. >> on obamacare train wreck gets worse. health healthcare.gov still is not fully built, and all your personal information is open to hackers. congressman steve on the latest revelations. @?? customer erin swenson ordered shoes from us online but they didn't fit. customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics. it's not the "fumbling around with rotating categories" card. it's not the etting blindsided by limits" card. it's the no-game-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimited 1.5
. >> it is about steve cohen and it is steve cohen. this is fascinating. steve cohen has not been charged with insider trading but the day after sac pled guilty, paid $1.2 billion, steve cohen remains under investigation, the next day chris christie won overwhelmingly new jersey governor and guess what he did? he personally called steve cohen to come to his big gala association and attend a private dinner. now there is nothing illegal about that. but this is now raising eyebrows from people, republicans who saw him at the event, from people starting to make its way around the political analyst circles where they're saying this is incredible fodder for anybody that runs against christie in the future, particularly if he goes up, if he runs for president in 2016, this could be a campaign commercial. this is what we know, christie personally invited him. heard through the grapevine steve cohen following the monday plea deal was depressed, wasn't feeling very well. told him to get, quote, his rear end off the couch from what i understand. that is direct quote from somebody and attend the even
is that possible? we're going to tell you what we know. >> please don't ask me that, steve. i don't know. want to know why president bush wasn't scared about getting a heart procedure? >> i wasn't that scared. >> you had obamacare? >> yeah. >> we'll have more for president bush. "fox & friends" starts right now. ♪ ♪ >> it's "fox & friends." >> listen, the reason we've got a jack hammer in the background because as it turns out we found out yesterday on capitol hill that the obamacare website not done. something like, what, 30, 40, 50% still under construction. >> a work in progress. is it a building? no. it's just your health care. this is actually terrible news actually. as funny as that beginning was, it's no joke. yesterday few exchanges went down during the hearings and henry chao, the chief information operating officer here spear heading it all, going into the tech being put on the site, supposedly he then is explaining that the site is still under construction. and the exchange occurred between representative corey gardener and henry chao yesterday. listen to. >> never talked about
can't cancel the election time. with us now, steve more from the law street journal editorial board and dr. scott gottlieb's, former policy for centers for medicare and medicaid services. welcome to you both. i will start with you. let me read you what the obamacare administration is saying about what is essentially a 30 day delay. they say it is to give insurers the benefit of more time to evaluate there experiences during the 2014 plan year and allow them to take into account those who may enroll late including young adults before setting 2015 rates. >> that is probably right because the insurers are going to have a hard time submitting bids. >> there were not going to have a lot to go on. the administration is worried. this hurts consumers. there will have to wait. gerri: calling mekeptical. this is a bold political bid not to get in trouble at the election polls. what do you say? >> it think? getting that is absolutely right. when i talked to democrats on capitol, what they're telling me is that love to put this off after the 2014 election. i think that the eire law may actually
ining develop. joining me on the telephone is steve parsley, a boeing crane operator who's been with the company for 24 years. he voted against the offer made to the union last night. steve, thanks for joining us. >> you're welcome. >> why did you vote no on the plan that union pushed before you last night? >> it's just too much concessions. it's an ultimatum for us. and if we concede on this, i see it happening again in the future. >> what do you mean you see it happening in the future? >> if we had accepted this contract offer, who's to say boeing wouldn't come back in two, three years from now and give us another ultimatum on a different airplane? >> what are the options? i mean, what is the alternative here if boeing is trying to do something and make sure it's watching its cash? initially it was supposed to -- it was threatened to actually close down the plant. >> boeing -- excuse me. boeing has threatened that or something similar every time to the machinists. if they want to negotiate and not just put forth contract offer and call it an ultimatum, we're willing to negotia
shareholder meeting in a little more than an hour or now, as steve ballmer gets ready to exit the tech giant. talked a lot about ballmer yesterday in that interview with the "journal." >> that was the topic of much conversation out west. drew halston from drop box talking openly about the idea that steve stood in the way of progress, marc benioff saying how he recognized the impediment to microsoft is himself. a lot of soul searcher out there. >> some other soul searching going on among ceos of fortune 50 companies, they looked at what happened with mr. ballmer where he expressed a bit of ambivalence about staying in this job to his lead director and they were like great, thanks. >> wow. >> and i've been hearing that those kind of ceos or any ceos, whether it's activists or just in general sort of wondering whether their board is going to turn on them are definitely seeking advice on how to prevent that from happening. >> this is a revolution. boards are supposed to be rubber stampers. >> not anymore. not as much. you still see some but there has been a change. >> abercrombie's board? >> you
markdown, and ceo steve balmer is retiring. that move wouldn't be happening at all. it's another case of a gigantic buyback just like merck and mcdonald's. how about walmart? remember, it turns out to be a fantastic buying opportunity and you're up a couple of bucks if you bought it with last week's weakness. i don't even care. what matters is that the stock is higher after a panned quarter. no one like the visa quarter, either, except the buyers who got into the incredibly well-run secular winner of the company that is still rung with the revolution. the six-point decline was a terrific entry point as visa now is only two points below where it reported, and i sense they'll take that price out, too. chevron missed and quickly dropped three points in what looked to be some less healthy production growth and not as exxon and not so hot refining margins and the stock is nicely above where they were, we have to be thank of the for the pullback. remember the woe is me goldman sachs quarter? the stock's now up 12 points from the 158 level that used the discipline and what an opportunity tha
. steve forbes here to make sense of all of this. chairman of forbes media. ready to weigh in. do these numbers surprise you, steve, at all? >> no. even those numbers are slightly exaggerated. the reports that it is the equivalent if you put your policy in effect in the card but you haven't bought it, they're counting it as a sale and the private sector cannot do that. so even those numbers are exaggerated and that is why the administration is going to have a big push to expand medicare as a way of getting around the exchange snafu. connell: no way they're getting toward the 7 million this spring. >> they're going to have to do something. the way they're going to do it is medicare. those that have not signed up for expanding medicare are being inhumane by not doing it, so they will try to turn a political advantage for disaster. dagen: you mean medicaid. medicaid expansion. a lot of this is people buying insurance, steve. to what extent do you believe the irs will go out there and police people who are not buying it? if they are not going to buy it for whatever reason, screw ups i
moves across the country. we are covering the action for you, and we go live, steve centanni is at reagan national airport with the latest on delays and what you can do to avoid them. steve. >> >> reporter: yeah, adam, a very, very busy holiday travel week all the way up through sunday which is one of the business jest travel days of -- busiest travel days of the entire year. to plan ahead x. it's not going to be smooth sailing for everybody, i hate to tell you, because of the weather delays, weather problems all the way across the country. take a look at some pictures we shot earlier here at national airport. things moving fairly smoothly, a lot of the arrivallings are delayed, more than half coming in late, and that's probably going to push back the departure times later in the day as you have that domino effect. a lot of rain here, possibly snow tomorrow, weather problems all the way across the country as that storm moved from california, down to the south, now up into the northeast. just a lot of tangled travelers and flights delayed and a lot of headaches on this holiday
carrol out with apple roll out. you guys are pretty good, we're good when you ran the shop, and steve jobs ran the shop,al ut pal all the way through -- all the way through present leadership to make sure you debacles were a minimum. >> when i called it a belly flop, the metaphor was wrong, i would call it more of a risking stone. if this thing fails it looks like it is failing in different ways. what do we do? just as came in to personal computer industry in early days, when consumerrization was a big thyme, steve jobs cams came up h it, a chance to bring consumerring a of healthcare to the forefront,. neil: you would junk this? mr. president, cut your losses, quit massaging it, and recognize the obvious this is a disaster. >> i would do is really, turn to the private sector. a few of us, picked out a few talented entrepreneurs, we're financiallfinancial backing thed building role models with a solution. to get people involved in their own behavior change. neil: are you surprised now that there was -- very little expert i-t input into launching this? >> well, it is absurd. i can tell
. the fed has paint all numbers on the roulette wheel red. >> rick, stick around. let's bring in steve liesman to this conversation, as well. steve, pretty strong number, at least, in terms of what you're seeing for the permits. the question becomes the starts. what are we going to see when we get those numbers. >> details, becky, this looks like driven by multifamily construction. we're reporting two months now, we're looking through going back to august as the baseline. you were about 299,000 in august, multifamily, now that's up to 414 in october. so that's a -- a consecutive jump in september and october. whereas single family homes, 627 is actually below that level. you've had a two-month surge in multifamily. looks like a lot happened out west and out south where permits are, at least in october, unchanged in the northeast and down in the midwest. so i'm not -- we like this number, we like it to be high. it's a number that doesn't do badly in terms of tracking gdp two quarters ahead of time. >> over a million now too. >> yeah. we haven't been there since march. but you certainly
of fame quarterback steve young knocked unconscious in 1999 game against the arizona cardinals. >> that was a fan final game of his career are suffering his fourth concussion in three years and seventh of his career. >> the pulp and new book and recent pbs documentaries title league of denial slams the nfl for its handling of concussions and connection between football and brain injuries. >> kohl off an investigative reporter mark fainaru-wada joins me this morning. mark you spent two years working on the book and documentary. and >> players have a higher incidence of dementia and president lincoln to the number of concussions. >> there is a committee of nfl disability board that is awarding money based on the idea that players will have some of these injuries periods >> steve young was in the documentary talking about head injuries. >> " i remember as one to the sidelines this is not good peer >> this is not the right thing to happen appeared >> my knees hurt and everyone knows it and i know appeared >> my shoulders and there's only one place that do not understand and that is
-- >> remember, this is an alcoa skin. and steve jobs loved the feel of aluminum versus plastic. and if you try to get an answer from alcoa about how well things are, they're going to tell you you're going to have to wait a long time. alcoa can wait. >> yes, yes. i'm a mini fan, by the way. >> you are? >> yeah. >> that means your wife doesn't like what you watch. >> no, it's just easy to carry with you and take with you and much lighter than this and basically does the same things. in terms of the stock and impact and this coming out and mossberg's incredibly positive review -- >> i think it does matter. but that's the problem with the analysts. the analysts think it's gross margins. my suggestion is when you have a superior product, you will see gross margins go up because competitors can't compete. and craig jelinik at costco, he said this is the product, for christmas, this is the product. and ups has done well and percolating when apple has a new product that people buy. >> said on a day that the holiday season does begin. it's a little regis. a little monochrome atic. >> in is an italian m
led by steve kalinski, a very, very well regarded private equity fund. this is a company that is essentially making investments into small to medium-sized businesses. you have over a 9% dividend yield here -- liz: love that. >> and i believe that yield's got upside, about a $600, $700 million capitalization. i think the bdcs are a little misunderstood as an asset class, and i think they should be owned. it's one of my top personal holdings as well. liz: puts his money where his mouth is. dan veru, pal said capital management. crude oil, so we showed this at the top of the show because to see it hit a four and a half month low rather interesting. yes, wednesdays we get u.s. inventories, and we saw that rise, weaker demand drives the commodities price lower. sandra smith makes sense of it as we look forward, sandra. >> reporter: an unbelievable move to the downside that we're seeing, and most analysts say it's going to continue through the rest of the year. we're looking at more than a dollar drop in crude oil prices today. we've dipped below $94 for the first time since ju
? steve king from iowa will be "outfront." >>> then the president said no chemical weapons in syria under any circumstances. he was willing to fight for this. is he about to cave? we have a special report next. >>> and code red. was the hazing of a 300-pound man under orders? new details a bizarre and disturbing story. , bp had two b: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. and our giant idaho potato truck is still missing. so my dog and i we're going to go find it. it's out there somewhere spreading the good word about idaho potatoes and raising money for meals on wheels. but we'd really like our truck back, so if you see it, let us know, would you? thanks. what? >>> our second sto
candidates to replace ceo steve ballmer. also negative report on earnings. tesla losing 15% of its value as quarterly earnings disappointed investors and a third model s car caught fire and caught a lot of investors' attention. the third time in six weeks here. the national highway transportation traffic safety administration just put out a statement saying they were in close contact with tesla and local authorities gathering information on that particular incident. and blackberry, of course, falling 15% as well. this on news it was no longer for sale at $9 a share. earlier today reuters reported that its board rejected proposals to break up the company despite interest from the likes of companies like microsoft and apple. back over to you. >> amazing. thank you, dom. we have more on blackberry. the company releasing interim ceo john chen's pay details. chen will receive a base salary of $1 million with bonus up to twice that amount and stock awards potentially worth some $85 million. there's one catch. the majority of those share awards will only kick in after chen completes five years
and steve grasso. david, everyone is talking about janet yellen and her testimony to the banking committee tomorrow as they begin the confirmation hearings for her fed chairmanship. what do you expect her to say? >> well, i expect her to say that she is data-dependent. i think these going to try to avoid getting labeled as a dove or hawk. i think she'll say she's essentially an academic by nature so she's going to look at the numbers and the numbers are going to govern fed policy. but i think there's a fundamental contradiction here. you can't say -- assure people rates will be low forever but then just say you're going to watch the data. in a way i think she'll build herself into a trap by which she'll be forced to gradually tighten as she's fed chair because of her data-dependency. >> so, steve grasso, what kind of a trade are you seeing ahead of what we learn from yellen and that testimony? how do you think the institutions react to it? >> i think we'll see more of what we have been seeing, sort of to david's point. i don't think she'll say anything different than chairman bernanke. you
as a triptick at auction. the price $142.4 million. no word on the seller or the buyer yet. word has it steve wynn might have been one of the bidders. the record for the most expensive work sold by a living artist also shattered last night, jeff koounz balloon dog went for $58 million sold by peter brant to a unknown buyer. here's a great view from inside what was a packed room last night. taken by one of our "power lunch" producers. you know, robert, you just got to wonder with numbers like that being bandied about, i mean we've talked before about whether or not the contemporary art market is in a bubble. what's your perspective on that? >> we've been talking about a bubble in the art market for at least four years and it goes higher. i think it's going to keep going higher not because of really the quality of art getting better but people, especially the wealthy, want a safe place to put their wealth so like many collectibles art is going to keep going up. >> that balloon dog may be great but it messes up the lawn. you have to clean it up after it. what about sotheby's they have an auction
to upset your staff. do you like it or hate isn't today's money talker. here, julie roginsky, steve moore and ari zolden. what do you guys think? all about the badges that you have wear arounn and go through security and they can tell when you're coming and leaving, at your desk, what do you think. julie what do you think. >> i george brownies in the green room. melissa: there is camera in there, they know about that. >> congratulations fox, i'm only one that eats it. i hate it. melissa: you hate this? >> i hate it. if you have to micromanage people why would, my whole thing is empower your employees. let them dot thing and if they stink get rid of them. why micromanage them. if you want to step up themselves get rid of them. >> i thought it funny on sec is supplying on employees. that is okay with me as long as they're not spying on me. melissa: first thing i thought are the sec is feeling about everyone. if they're spying on employees they're spying on everyone. without question, right? >> when you take the job you're under the rules of employer this seems to be going a bit too far, mon
that prize $500 and that's steve from san jose. >> hey. >> hey, steve, good job! 500 bucks! now he will be a producer for a day? >> that's correct. couple hours, hang out with us, super fun. so it's fun. i got $1,000 from krispy kreme's glen dorman. >> reporter: and they're bringing donuts. >> they always do. he has a daly city krispy kreme where there's a huge filipino community. so he wants to help out. so go by there daly city krispy kreme. >> thank you. keep those phone calls coming. 1-888-5-helps-u. we'll be right back. hey ed a lot... to live a happy life, but on the other hand, when what the little they have is wiped out, now you have a big problem. " a survivor contestant is also helping raise money today with our sister station in los angeles... kpix 5 is partnering with the red cross to raise money for the ,,,,,,,,,,,,,,,,,,,,,,,, >>> a thick fog around parts of the bay area this morning and a dense fog advisory is up. we're seeing some visibilities less than a quarter of a mile. >> some folks will be late to work. westbound 580 is gridlocked from crockett to pinole. an
at betting the science and pet.coms or e-toys, i want to bring in goldman sachs, steve balmer, the retiring ceo, my friend from college asked me to fly out to see him for the future. microsoft had grown into a company honestly might have been played out already, hard to believe, but really some people thought that. when i owned it for my hedge fund right up to the justice department investigation, which was too much for me i met resistance. the same way i met resistance for intel and owning it for my hedge fund when the 286 chip was introduced. later 386 and then 486. with each generation people thought it was game over intel. i mean, really, who needed a more powerful personal computer? now we look back. now we look back and see all the money that was made. and we marvel on how easy it must have been. hardly. we had top collars every step of the way just like we have them now for salesforce.com and yelp and so many others. here's the bottom line, it's terrific to invest in what you know. and own it over time for a decent return. however, if you can stretch your imagination, learn what you
? and would it look like the movie with steve martin and john candy. john foreman is in cnn's second place finisher. >> lisa desjardins. >> i made it. where is the button? nic, i'll say hi later. i have important things to do here, bam. 4:30. >> well done. >> how did you pull that off? i'm still not sure. >> it pulled back a minute and a half earlier. some people said, he held the plane. he just got so lucky. i didn't believe it. when i'm sitting in me seat, i thought, i feel so sorry for you. then i thought, no, no, let's go. >> forget that. i thought it was almost in my grasp. as you might have seen in the videos i sent, my whole train car was really into it. they had all these theories about what could happen and how you possibly might come in second. >> i was living those in my head. like the flight would get diverted. it was so bumpy, because of the storm, they couldn't serve drinks. i was thinking, thal ey'll comet of the clouds and it won't be washington. >> this is nic, about three hours to come in here, coming by airplane. lisa just tagged in here at about four and a half hours, a
. >> welcome to 60 minutes on cnbc. i'm steve kroft. we live on an increasingly endangered planet, from the glaciers of antarctica to the rich prairie lands of canada. and the ultimate disaster may be financial as well as environmental. later in this episode, scott pelley reports from antarctica on the wide-ranging effects of global warming. and later bob simon has a story from canada on the environmental damage caused by the next great oil rush. but our first story involves a controversial waste product that could have damaging effects on the environment. there are more than 600 coal-fired power plants generating electricity in the u.s., and those plants produce 130 million tons of waste called coal ash. it contains concentrations of mercury, arsenic, lead, and other toxic materials. and as lesley stahl first reported in 2009, when coal ash is dumped into wet ponds--and there are more than 500 of those across the country-- the result can have an enormous health risk on the people living in nearby communities. >> we get about 48%, nearly half of the electricity in this country from coal
neighbor i spoke to named steve mills. he talked to me earlier this summer. take a listen. >> there was a kid unthe street, crying, hollering, he was panicking. mr., can i have spg to eat? i'm starved. >> i was making a sandwich to be hungry. so we didn't think nothing of it. the other two come up and said he's new. he's just getting used to the area and being with a new family and new siblings. and so we thought nothing of it. >> i think the most troubling thing out of this all, don, is the fact that the adopted mother, she worked for social services. this is somebody who's supposed to protect children like this. >> not that there's any excuse, nick, but she should know better. >> we're watching a se vooer weather line. maybe severe, we need a better word. this has been deadly. two people have died. 37 people have been injured. we've been speaking to the emergency corrector in illinois. look at this, it's not over yet. we'll follow it for you here on cnn. there is major damage in kokomo. make sure you stay with us, we'll be right back. >>> take us through it. i understand
about it is something that says the president kept explaining to the steve jobs individuals. a great game. it's not whether you can win or lose. >> there is no way that we can be talked about by apple. [laughter] >> they are using a pop-culture reference. >> i will speak to the president. the current run is itunes. it is good. apple said it could push a button and buy the song. >> still says apple. >> is a good opportunity to say that this is very complicated. and buying insurance before there was a terrible time by the government have a website with complicated it was difficult to nobody in the world can do it as simply as you can buy a song on itunes and he's just trying to explain that to people and easy to relate terms. >> is impossible, this thing is not going to be ready by december 1. >> and 30 the applicants are doing it on paper. this idea is lame. macko had? this is where we can pile on the criticism. it should've been better it will be better. this includes a process that is not real all the time. >> so that will do it. in the meantime, tea partiers are fighting to take ov
are getting old. steve martin and also the late great john candy. look, i'm going to tell you, the holidays, they can be a trying time, you know this, for families from all across the country. so joining me with how to survive holiday hell as many people call it, our very own richard quest in new york and from los angeles behavior expert wendy walsh. welcome to both of you. wendy, it's a different kind of stress, right, a special kind of stress, if you will, over the holidays. because you say getting together with relatives is the closest thing we have to a time machine. what did you mean by that? >> exactly. it's because we are just sort of held in our chairs by a centrifugal force which is our early family systems, be they good or be they bad, no matter how old we get, we become the 12-year-old at the table again, and the sibling rivalry stuff comes up again and mom's favorite gets special attention. everything goes back to that early family table. >> i was never mom's favorite. i know exactly what you're talking about. you know, richard, you know, i think a lot of this is about expectati
. company veteran, dug mcmillon will succeed steve duke. you were just talking with andrew about why you would do this days before the holiday season would start and why mike duke is leaving years before expected. >> he hasn't been there but since 2009. his predecessor, lee scott, 2000 to 2009. it seems like a shortened period. also, as someone who follows retail closely, this is not the time to change horses, so to speak. at the same time, i am sure this company will, without a doubt, say it is seamless. i want to hear from david, that there is nothing pertinent that would make it so this seems wrong. i don't think it is right. >> david, you do know mcmillon well. what can you tell us? >> i spent a good amount of time doing our last document on walmart, which has to be about five years ago. then, there was a lot of speculation he would be the next ceo. i remember distinctly discussing it with him. it did make air on the documentary, that idea. he was running international. we spent a couple of days together in china. certainly, well-schooled in international, had run, i believe, cosco p
the mundane into the magical. on the margins, the great steve martin suffering a cold and opted out of the presidential handshake. and mr. obama wants to martin and actor jim parsons record dialogue. >> i fixed my mistake. >> but you have made your mistake. >> i made many mistakes before that. >> reporter: hitting his marks the president focused on the economy. smart phone systems and other advances, but also acknowledging many mistakes that create what he called the rough debut of obamacare. >> serious southern california and across the state there are thousands of people every single day who are getting health care from the first time. the first time. [applause] because of this. [applause] and by the way, the website is continually working better, so check it out. [laughter] >> reporter: the conference board reported consumer confidence dropped nearly two points to its lowest level since april with fear about hiring and wages aggregated by that government shut down and the cancellation of millions of health insurance policies. >> the fact that the $600 million we spend on health c
report. delay, delay, delay. we're going to get to rick santelli and steve liesman for final predictions. gentlemen, let's start with you, rick. what's your number? >> 101,000. >> oh, you're going even lower than consensus. >> i don't know. >> consensus right now is about 120, though some of our "squawk" panelists are a little more all over the map. >> boy, you said a mouthful there. >> steve, where are you? >> i like 141,000. >> oh. why? >> just a touch higher than consensus. i don't think the federal stuff shows up in the payroll numbers, i think it shows up in the unemployment rate. and the private sector indicators i've seen have not been that bad. i don't know what the knock on effect of the federal government shutdown has been. but the ism numbers are pretty good, the jobless claims have been polluted by the california computer problem. but if that's the case and a 335 or 340 average over the course of the four weeks is not too bad. plus, my thinking here is that all of the risk is to the up side. the market has completely baked in a negative number. i'm most interested in the sept
. adam: deal or no deal. steve cohen's sac capital is expected tuilty. there is still a chance that the deal could fall apart and sac could go to trial. here is how the dollar is moving today. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a compans future with the fute of trading. coany profile. a research tool on thinkorswim. from td ameritrade. adam: oil is moving higher on civil unrest in libya where some of the worst fighting in months broke out in tripoli. want to look what oil is doing right now, as traders keep a close watch over a meeting between western countries and of course iran over its nuclear program. fox business contributor phil flynn from price futures group is in the trading pits of the cme. just how serious is the issue in libya? >> it is very serious. you can see that played out in the market, especially if you look at the spread between the brent crude what we trade in europe and wti crude.
hood foundation, steve cohen released in the past before sac imploded, his investment ideas and ackerman coming out two fridays where he is going to update everybody on his famous purple shorts. he is apparently tweaking the presentation and the thing that has people concerned is he is going to try out some testimony from former disgruntled former employees or distributors to underscore his contention. lori: why faithfully at this point? >> it is of pyramid scheme. we should point out ackerman has lost five hundred million. tracy: update us on the loss. >> on the short. tracy: did i make you lose your train of thought? >> everything okay today? tracy: i am just interested in this topic. the stock price is active. >> i am moving the market and your interrupting me. tracy: i am being annoying. >> let me finish and you can ask any questions. $500 million, speeches next week. what did you say? tracy: now you want me to speak? >> why hasn't given up on this? that is what herbal life are saying. sort of waiting to fight this back. when this comes out or before it comes out they ma
, you can't. >> and steve, we heard from governor romney blasting the president today on his health care legislation that became one of the largest laws our land has ever seen and now what are other republicans saying? >> they want details on the website and what went wrong and the health care system and not just the health care website. one is urging action from the president. >> i am calling on the president now to say let's have a time-out on this, mr. president. you call a time-out on this. convene a group of bipartisan leaders to address health care concerns in this country, because this is not working. i am hearing it from my constituents and let's do it live as opposed to the way it was passed in the first instance. >> they said americans are frustrated with both sides of the aisle and want it fixed. >> what are democrats reacting to tonight? >> they say it will be fixed and many people that lose their insurance will get better plans at lower prices with government help to pay for them, and they admitted not as much people as they hoped are getting signed up, and they rely on the
rosengren joins steve liesman live on this broadcast. >> andrew, thank you. >>> calling it a lopsided and misleading portrait of the people at amazon, mac kenzy slams her husband's, jeff bezos book. >> and just reading some of what she said, you know, to make a book interesting, sometimes you need to embellish or things that may seem small at the time to people involved, that becomes -- i've seen that happen. >> i think they took some of the narrative tricks to make it happen. this is a book that jeff bezos does not cooperate with. i heard the author interviewed on npr. it sounds like an interesting book. >> it's possible that the whole story could be interesting to some extent, but they couldn't have these major -- not everything is a drama, right? i can it's nice that she's -- >> standing up for him. >> yes. >> sure. >> i didn't like it when rupert got divorced. >> all right. when we come back, twitter preparing to go public this week. the company laid out more than 30 pages of risk factors for the business and this public filing. we're going to talk about the risks and rewards righ
they love and the annuity streams of these, just like the late great steve ross really understood this, really understood the value of content. that was a juggernaut stock when steve was alive. who can foresee what happens. >> sea world is up about 3.5%. a lot of discussion about whether or not they would convert to a reit. citi does upgrade it in t in part to a buy. >> if you want to play that game, cedarfare had a better number. these theme park guys, they're about the coasters. you probably haven't even been on fairer's fury, that's how far behind you are. >> i've been on a few of them. >> ever been on fire and ice? >> no. i threw up on fire and ice, that's the sign of a good coaster. >> a guy that grew up near i cyclone. >> jungle cruise. >> yeah. if you got sick on the jungle cruise, something's wrong. >> that's a problem. wolf slayer. you haven't been on any of tease? >> no. where are these? >> have you ever been to magic mountain? >> cork screw. >> apollo's chariot, i threw up on that one. >> can we get you a little checklist going? >> i long for the days when i was able to thro
. then of course at the end of the day without steve jobs we don't really have a market leader in terms of direction. we are getting jumping side to side and up and down and even from apple not a lot of consistency. at least with regard to the leaks and announcements. i don't know. we once again kind of need somebody to show this market direction. melissa: go ahead. >> i will say, yes, sure. i agree in the sense. i disagree in this is that we cannot go to town with every legal roomer. apple tries things out, they do prototypes. they have done less good at keeping secrets. now we get some of these leaks. not necessarily. i would point out the most interesting thing to me has been the increased use of sensors. that is extremely interesting. we can already see that they're moving in the direction of more sensors. i believe this is where they're going and believe that it will be very interesting to have more sensors on more facets. melissa: what does that mean for the consumer? that it can tell the difference between how hard you're pressing the surface? >> exactly. so when you think about
many times, you're gone. it is today's money talker. here with me imogen lloyd webber, steve olsher, and tyler abernathy. sounds barbaric, apparently 30% of companies do this. i was not aware the number was that high. 30% of fortune 500 companies do this. it makes sense, have to lay off 5% of your workforce during any period of time, don't you want to know who are the least effective workers? you're horrified! >> i can see you in finance, i sort of get that, any industry with little creativity, how? ge came up with the idea, they stopped using it now. microsoft stopped using it. expedia, stopped using it because they want to rehumanize relationship between management and workers. melissa: if you have a creative business, you know who the strong players are, who the average guys are and weak guys are. >> really what is the problem here? because the reality all you're going to do, you will cause more pier resentment than less. you're throwing everybody in teams, right? our team, what are you going to do? you're going to be a slacker. you will end up slacker. everybody is slacking, why
% of the country's revenue comes from the energy sector. as steve has been speaking to various officials from the nigerian policymakers -- >> it's one of those things where you're doing "squawk box" and then somebody says to me, there's a really interesting interview in the afternoon, and i did this and it was absolutely fascinating. i didn't know a lot about nigeria, ross, but what i know quite a bit about is the energy sector and i've spoken to their oil minister a lot over the years of the problems they've got. so, that's my thought, oil, problems, bad problems with shell and we've heard of them at each other's throats at the time. >> and? >> the point is, i've come away with a good impression on it. it's got a population of 173 million and is growing fast. it could have the same population as the u.s. by 2015 and they're trying to diversify. 25% of revenues are oil-based and they have massive theft problems. there are still big property problems, poverty issues, corruption problems, infrastructure problems. so, that's all there, but as a country that is actually trying to use some of thei
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